Hanwha General Insurance

Established in 1946, Hanwha General Insurance is the first South Korean insurance company entirely funded by domestic capital. Building on customer trust, we provide diverse insurance products and services including long-term, automobile, and general insurance. As of the end of 2024, we’re a major insurer with total assets of USD 13.49 billion and total sales of USD 4.84 billion. Backed by our continuous growth, we are constantly challenging ourselves to pioneer development in new fields and bring satisfaction to customers.

Hanwha General Insurance is committed to solidifying its position as a specialized provider of insurance solutions for women while ensuring internal stability by securing steady insurance and investment returns. We strive to create greater value for women by offering differentiated products and services tailored to female customers while boosting our competitiveness in customer access channels. Additionally, by moving beyond traditional frameworks and embracing change and innovation, we aim to deliver sustainable value and establish ourselves as a world-class global insurance company that meets the evolving needs of the modern era.

In June 2023, we established the LIFEPLUS Femtech Research Institute to fulfill our vision of being an insurer that fully understands and recognizes the needs of women, with the aim of contributing to the betterment of women’s lives and health. For research on women’s health and life-cycle-based needs, we are working with an advisory group composed of experts in each field to study related industry trends and identify preventive healthcare measures. In addition, we are conducting various activities aimed at providing practical information to our customers. As a leading wellness partner in the areas of coverage related to women’s needs, including those during pregnancy and childbirth, we are carrying out multiple initiatives to alleviate the risks stemming from the country’s low birth rate and aging population. For example, we have launched special agreements to double serious disease coverage for five years after childbirth, and to delay payment of insurance premiums during childbirth and parental leave in line with feedback we have received from our female customers. These efforts were selected as best practices by Korea’s Financial Supervisory Service in recognition of our contribution to providing solutions for social problems such as the low birth rate.

In October 2025, Hanwha General Insurance strengthened its digital insurance capabilities and mobility-based business competitiveness through a merger with Carrot General Insurance. The merger expanded our mobile-centered digital channels and enhanced data-driven product development and operational efficiency. Through this integration, Hanwha has accelerated its digital transformation and established a foundation for a future-oriented insurance business model. 

Hanwha General Insurance is proud to provide personalized insurance experiences tailored to the needs of our customers through digital innovation, creating a new insurance paradigm where technology and trust come together.